Historical Hotel & Motel Sale Listing - Hyatt Regency - Dearborn, MI (Alternative Use)

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Hyatt Regency - Dearborn, MI (Alternative Use)

600 Town Center Drive, Dearborn, MI 48126

N/A

772 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
772
Building Size:
810,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Additional Sub-types:
Acute Care Hospital
Mid/High-Rise
Assisted Living
Residences
Property Use Type:
Investment
Distressed:
Yes
No. Stories:
18
Year Built:
1976
Corridor:
Interior
Lot Size:
23.15 AC
Listing ID
16579489
Last Updated
over 1 year ago

Utilities

Highlights

  • Strong alternative use potential (potentially a multi-family, senior living, medical, student housing faciliity, etc.)
  • Call for Offers Date Announced: All offers will be due on April 2, 2010. Contact Rick George.
  • Currently Hyatt Managed
  • Could Convert to an alternative brand affiliation
  • The City of Dearborn is actively pursuing the development of a large regional convention center located immediately adjacent to the Hyatt.
  • The proposed convention center is projected to drive another 89,000 room nights annually to the Dearborn area.

Description

-Currently a 772 spacious guestroom, full-service hotel with approximately 62,000 sq ft of flexible meeting space.
- Fee-simple interest in the 23.15 acre site with Gross Building Area over 810,000 sq ft
- The eighteen story, crescent shaped building, with twelve-story atrium lobby, and rotating rooftop ballroom provides appropriate amenities for a full-service hotel of its class
- Three food&beverage outlets and two full kitchens
- Iconic Asset originally developed by Ford Land

Located in the City of Dearborn, Wayne County, and State of Michigan. Dearborn is ideally located in the southeastern region of Michigan approximately 10 minutes west of downtown Detroit and 10 minutes east of Detroit Metro Airport. Detroit is well known for being home of the domestic automotive industry' s Big 3 Auto manufacturers Ford, General Motors, and Chrysler. Dearborn has historically benefited from being home to Ford' s world headquarters. A variety of incentives are in place to drive the diversification of the employer base that will revitalize Michigan' s economic engine.

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Created 2/19/2010